Common use of No Further Encumbrances Clause in Contracts

No Further Encumbrances. After the Effective Date, Seller shall not create or incur any mortgage, lien, pledge or other encumbrance affecting the Property other than the exceptions set forth on the title policies comprising part of the Delivered Records and Permitted Liens.

Appears in 2 contracts

Samples: Contract for Purchase and Sale of Hotels (Felcor Suite Hotels Inc), Contract for Purchase and Sale of Hotels (Itt Corp /Nv/)

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No Further Encumbrances. After the Effective Date, Seller shall not create or incur any mortgage, lien, pledge or other encumbrance affecting the Property other than the exceptions set forth on the title policies comprising part of the Delivered Records and Permitted LiensExceptions.

Appears in 1 contract

Samples: Contract for Purchase and Sale of Hotels (PSH Master L P I)

No Further Encumbrances. After the Effective Date, Seller shall not create create, incur or incur suffer to exist any mortgage, lien, pledge or other encumbrance affecting the Property or any portion thereof other than the exceptions set forth on the title policies comprising part of the Delivered Records and Permitted LiensExceptions.

Appears in 1 contract

Samples: Contract for Purchase and Sale (KSL Recreation Group Inc)

No Further Encumbrances. After the Effective Date, no ------------------------ Seller shall not create or incur any mortgage, lien, pledge or other encumbrance affecting the its Property other than the exceptions set forth on the title policies reports or title commitments comprising part of the Delivered Property Records and Permitted LiensLiens and Permitted Exceptions.

Appears in 1 contract

Samples: Contract for Purchase and Sale of Hotels (American General Hospitality Corp)

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No Further Encumbrances. After the Effective Date, ------------------------ Seller shall not create or incur any mortgage, lien, pledge or other encumbrance affecting the Property other than the exceptions set forth on the title policies report or title commitment comprising part of the Delivered Property Records and Permitted LiensLiens and Permitted Exceptions.

Appears in 1 contract

Samples: Contract for Purchase and Sale of Hotel (American General Hospitality Corp)

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